Gold Drops Below $3,340 Amid Market Volatility

In Brief:

Spot gold fell below $3,340/oz, marking a 0.84% intraday drop.

Market uncertainty and shifting investor sentiment may be driving the pullback.

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On July 25, spot gold prices dipped below the $3,340 per ounce mark, logging a 0.84% decline for the day, according to data from Jinshi reported by Blockbeats.

While no specific catalyst was named, the drop comes amid broader market volatility, including liquidation spikes in crypto markets and shifting macroeconomic narratives globally. Investors may be rotating capital or reacting to strong USD performance and changing interest rate expectations.

This marks another turning point for gold, which had previously held steady above the $3,340 level throughout much of July.

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